Technical analysis by Trading1to100 about Symbol PAXG on 10/27/2023

Gold has been on a relentless run to the upside from 1811, it has gone up nearly vertically to todays high 2009(200pts+/-), still room for more upside? I don't know. Previous post my estimation was 2010-2040 zone for a cypher pattern and we are here now 200pts later(2009). prices could still continue higher Tag n turn (2010-2040), therefore caution would be good now. Should price continue higher above 2040 then upside resistance = 2060-2075 and break out above here will target 2100-2136, 2195-2225 & 2265-2325. However, note that if prices consolidate from these levels 2010-2040 then downside support = 1970-1935, break below then 1900-1875 before continuation of the move higher from either of these levels. Have a great weekend.